[Congressional Bills 114th Congress]
[From the U.S. Government Publishing Office]
[S. 2616 Introduced in Senate (IS)]

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114th CONGRESS
  2d Session
                                S. 2616

 To modify certain cost-sharing and revenue provisions relating to the 
                   Arkansas Valley Conduit, Colorado.


_______________________________________________________________________


                   IN THE SENATE OF THE UNITED STATES

                             March 2, 2016

  Mr. Gardner introduced the following bill; which was read twice and 
       referred to the Committee on Energy and Natural Resources

_______________________________________________________________________

                                 A BILL


 
 To modify certain cost-sharing and revenue provisions relating to the 
                   Arkansas Valley Conduit, Colorado.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. ARKANSAS VALLEY CONDUIT, COLORADO.

    (a) Cost Share.--The first section of Public Law 87-590 (76 Stat. 
389, 123 Stat. 1320) is amended in the second sentence of subsection 
(c), by striking ``the Arkansas Valley Conduit, payment in an amount 
equal to 35 percent of the cost of the conduit that is comprised of 
revenue generated by payments pursuant to a repayment contract and 
revenue'' and inserting ``the Arkansas Valley Conduit, for payment in 
an amount equal to 35 percent of the funds appropriated for the conduit 
that is comprised of revenue generated by payments pursuant to a 
repayment contract and of revenue''.
    (b) Rates.--Section 2(b) of Public Law 87-590 (76 Stat. 390, 123 
Stat. 1321) is amended--
            (1) in paragraph (2)(A)--
                    (A) by striking ``until the date on which the 
                payments for the Arkansas Valley Conduit under 
                paragraph (3) begin,''; and
                    (B) by striking ``plus interest in an amount 
                determined in accordance with this section'' and 
                inserting ``until those costs, plus interest, have been 
                fully repaid''; and
            (2) in paragraph (3), by striking subparagraph (A) and 
        inserting the following:
                    ``(A) Use of revenue.--
                            ``(i) In general.--Notwithstanding the 
                        reclamation laws, all revenue derived from all 
                        contracts for the use of Fryingpan-Arkansas 
                        project excess capacity or exchange contracts 
                        using Fryingpan-Arkansas project facilities 
                        shall be available to, and used by, the 
                        Secretary, without appropriation--
                                    ``(I) subject to paragraph (2), for 
                                the payment of costs associated with 
                                the construction of the Arkansas Valley 
                                Conduit;
                                    ``(II) for the payment to the 
                                Southeastern Colorado Water Conservancy 
                                District, including any enterprise 
                                established by the District in 
                                accordance with Colorado State law 
                                (collectively referred to in this 
                                subparagraph as the `District') of 
                                amounts needed for the District to 
                                repay the principal and interest on 
                                loans obtained by the District from 
                                agencies of the State of Colorado for 
                                construction of the Arkansas Valley 
                                Conduit; and
                                    ``(III) to be credited towards 
                                repayment of the funds appropriated for 
                                the Arkansas Valley Conduit, plus 
                                interest.
                            ``(ii) Agreements.--The Secretary shall 
                        enter into 1 or more agreements with the 
                        District that specify the distribution, in 
                        amount and timing, of the revenue described in 
                        clause (i), as between the uses described in 
                        subclauses (I), (II), and (III) of that 
                        clause.''.
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